08 August 2013
I have a doubt regarding Depreciation calcuation under Straight line basis.. Asset cost as on 1.4.12 - rs 5000 Accumalated Dep as on 1.4.12 - rs 4500 Rate of dep 16% SLM. What will be the dep for the year 12-13 under co's act??
08 August 2013
you have to keep 5% salvage value for all asset while depreciating. so given asset has only 5% salvage value, no need to depreciate, even you want to do you can depreciate only Rs.500 and make asset as Nil value
CAclubindia
